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undercut his credibility host: virginia beach, mark, independent line. caller: i am starting to get involved in politics and things like that i am finding it hard to comprehend because you're saying you cannot talk reveal private investments that you are getting of millions and millions of dollars, but again, you owe so much money and [unintelligible] and the federal government goes and punishes because they've made their money probably and kept it to themselves. where are you getting all of this money from? host: michael, we've got your point. let me show the viewers the headline in "usa today." ehab line is that mid debt -- midterm campaign war chests are crammed. guest: we were looking at a billion dollars election cycle back in march and that was kind of a trajectory of spending in the elections of a last several cycles, not taking into account the fact that the recent decision could unleash a far more money in the election cycle. we were looking at a baseline spending, which would still be 30% above the previous midterm with the success by the candidates and these interest grou
at the university of virginia that i got to know very well, because we selected him as chief of staff of the joint committee on taxation said, "did the treasury department have the authority to do this? i think almost every tax expert would agree that the answer is no. they basically repealed a 22- year-old law that congress passed as a backdoor way of providing aid to banks." what happened once congress discovered what had been done by the irs? they immediately slammed the door on this provision, although i believe two other banking institutions got through before the door was closed. i guess what just amazes me is looking at this tieme period, late september, early october, there was a focus on the fdic making sure they were hauled freight and the federal reserve making sure they were home free -- the ends justifying the means was quite all right for wells fargo and for the assumption by wells fargo of wachovia, because it made it government-assistance free. but it wasn't. it cost the taxpayers to utilize this. i guess what is so amazing to me when you begin to examine the options open to you th
Search Results 0 to 1 of about 2